FEDERATION AND STATES.

Dominion, Volume 2, Issue 608, 10 September 1909, Page 5

FEDERATION AND STATES.

DEBT TRANSFER. ißj Tolccraph.—Press Association - Copyrlcht 1 Melbourne, September 9. In tho Houso of Representatives, tho Frimo Minister, Mr. DqaUin, introduced ft Bill to provide, for tho taking over of tho State debts as they existed at tho timo of the. establiahmoht of.; \ho Commonwealth.' f (Ofle of the .resolutions'passed by tho recent Premiers' Conference ■ proposed a special, in-, vestigatton vrithi a.view'.to consolidating" the State debti and transferring , themto tho.'Com-', A'recent cablegram from .Mel. bourse stated that the, investigation would bo mt\do by a vßoyal Commission i consisting, of. financial'exports,;."Under tho agreement-.with the Premiers'^Conference, on thneubjcot of'.tlie Braddon agreement is embodied' .in tl\e Bill:reported, in .yesterday's' cablegrams--tbo-Fedbjal:;;Government's payments 'to tlio' : States', are, to be on a basis of 255. per head of th,a population, annually! - The States will'concede. this year to: the. Federal Governm'tht to help to'meet, old age pensions.' ", 'There will he'α-special annual payment, to-Western, Australia commencing at X 250.000 and diminish: ins after. 1911 ; ;at Jt.be. rate of v£lo,ooO,annually. tinder the per .capita, payment! the amounts paid to the. wious-States this year ore estimated as foUowi-r-New Sonth Wales, Viotpria, , . il.eu.OOQ; ; Queensland, f 4709,0pni -South Au» Western' Aiistralia,;i34p,ooo;.Tasmania; -JE235.000.; (Compared, with, the returns- under, tho :Braddo'n Clause, New, South, Wulee ■■:, loses -Victoria!'..2444,ooo, Queensland and Western Australia JJ'iSS.OOOj. while : will receive a ..'aimilJ gain,] "-..,: -•'■.;;•■ ;.y/.-W ■ - '-,/.-;' V i ; '.;.-■.